This bill appropriates additional funds to the Office of the State Board of Education for fiscal years 2025 and 2026, including a total of $360,700 for various programs such as administration, IT and data management, and school safety and security. Notably, it includes an increase in full-time equivalent positions by one for the same period. The bill also mandates the Office of the State Board of Education to submit a report by December 31, 2025, detailing the use of appropriated funds over the past five years to enhance credit and transcript mobility for Idaho students.

Furthermore, the bill outlines a transition to outcomes-based funding models for both higher education institutions and community colleges, requiring the Office of the State Board of Education to propose a plan for implementation by December 31, 2025. It also provides reappropriation authority for unspent funds from the American Rescue Plan for nonrecurring expenditures. The bill includes specific conditions and limitations on the appropriations and declares an emergency for immediate effect on certain sections upon passage.